TeliaSonera AB (OTCMKTS:TLSNY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

According to Zacks, “Telia Company AB provides network access and telecommunication services. The company also offers mobile and broadband; and fixed services, including telephony, data and TV services. It operates primarily in Sweden and Europe. Telia Company AB, formerly known as TeliaSonera AB, is headquartered in Stockholm, Sweden. “

Other research analysts have also recently issued reports about the company. Berenberg Bank upgraded TeliaSonera AB from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine lowered TeliaSonera AB from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th.

Shares of TeliaSonera AB (TLSNY) opened at 9.08 on Friday. The stock has a 50 day moving average price of $8.93 and a 200 day moving average price of $8.29. TeliaSonera AB has a one year low of $7.35 and a one year high of $9.62. The stock has a market capitalization of $19.66 billion, a P/E ratio of 24.81 and a beta of 0.97.

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